Implementation of the provisions of the ICDS



Stake Holders and General Public requested to bring-out Issues/Points by 15th December, 2015 which in their opinion require further Clarification/Guidance for proper Implementation of the Provisions of the Income Computation and Disclosure Standards (ICDS) Sub-section (1) of Section 145 of the Income-tax Act, 1961 provides that the income chargeable under the head Profits and gains of business or profession or Income from other sources shall, subject to the provisions of sub-section (2),
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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